Healthcare of Ontario Pension Plan Trust Fund Invests $380,000 in The AZEK Company Inc. (NYSE:AZEK)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in The AZEK Company Inc. (NYSE:AZEK) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,566 shares of the company’s stock, valued at approximately $380,000.

A number of other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its position in AZEK by 180.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 36,912 shares of the company’s stock valued at $1,856,000 after purchasing an additional 23,746 shares during the last quarter. Bessemer Group Inc. boosted its position in AZEK by 6.7% during the first quarter. Bessemer Group Inc. now owns 308,554 shares of the company’s stock valued at $15,494,000 after purchasing an additional 19,274 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in AZEK during the first quarter valued at $285,000. Covestor Ltd boosted its position in AZEK by 631.8% during the first quarter. Covestor Ltd now owns 2,393 shares of the company’s stock valued at $120,000 after purchasing an additional 2,066 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in AZEK during the first quarter valued at $439,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Trading Up 1.8 %

Shares of AZEK opened at $42.99 on Friday. The AZEK Company Inc. has a 12-month low of $25.03 and a 12-month high of $50.78. The company has a quick ratio of 2.21, a current ratio of 3.40 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 42.15, a P/E/G ratio of 1.33 and a beta of 1.88. The stock’s 50-day moving average price is $44.66 and its 200 day moving average price is $44.92.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Friday, June 14th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. AZEK had a return on equity of 12.02% and a net margin of 10.66%. The firm had revenue of $418.41 million for the quarter, compared to analyst estimates of $416.79 million. As a group, research analysts predict that The AZEK Company Inc. will post 1.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on AZEK. Benchmark assumed coverage on AZEK in a research report on Friday, April 19th. They set a “buy” rating and a $55.00 price objective for the company. Loop Capital cut their target price on AZEK from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. The Goldman Sachs Group cut their target price on AZEK from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. DA Davidson lowered AZEK from a “buy” rating to a “neutral” rating and cut their target price for the company from $57.00 to $44.00 in a report on Wednesday, July 3rd. Finally, BMO Capital Markets lowered AZEK from an “outperform” rating to a “market perform” rating and cut their target price for the company from $53.00 to $50.00 in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.72.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $45.97, for a total transaction of $597,610.00. Following the transaction, the chief executive officer now directly owns 1,070,444 shares in the company, valued at $49,208,310.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AZEK news, insider Jonathan Skelly sold 12,000 shares of AZEK stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $46.72, for a total transaction of $560,640.00. Following the sale, the insider now directly owns 190,134 shares of the company’s stock, valued at $8,883,060.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $45.97, for a total value of $597,610.00. Following the sale, the chief executive officer now directly owns 1,070,444 shares in the company, valued at $49,208,310.68. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock worth $1,701,000 over the last three months. Company insiders own 3.10% of the company’s stock.

AZEK Company Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.